Question

I NEED SOMEONE TO DO THIS FOR ME ASAP PLEASE! It's super easy, I just don't have time!!

Answer 1

1) straight line method

depreciation per year = cost - residual value / useful lufe

= 22,000 - 1,000 / 5

= 4,200 per year

2) units of production method

depreciation rate = cost - residual value / productive life

= 22,000 - 1,000 / 10,000

= 2.1 pr hour

depreciation for year 3 = 2,150 x 2.1 = 4,515

3) double decline balance method

depreciatio rate = 100 / useful life x 2

= 100 / 5 x 2
= 40%

depreciation for year 1 = 22,000 x 40% = 8,800

depreciation for year 2 = 13,200 x 40% = 5,280

depreciation for year 3 = 7,920 x 40% = 3,168

particular	straight line	units of production	double declining balance
sale revenue	59,000	59,000	59000
cost of goods sold	46,000	46,000	46,000
gross profit	13,000	13,000	13,000
operating expense:
other operating expense	4,500	4,500	4,500
depreciation	4,200	4,515	3,168
interest expense	900	900	900
income before tax	3,400	3,085	4,432